Robert C. Daigle Sells 1,766 Shares of Rogers Corporation (ROG) Stock
Rogers Corporation (NYSE:ROG) SVP Robert C. Daigle sold 1,766 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $133.04, for a total value of $234,948.64. Following the transaction, the senior vice president now owns 20,330 shares in the company, valued at $2,704,703.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Robert C. Daigle also recently made the following trade(s):
- On Tuesday, August 1st, Robert C. Daigle sold 4,485 shares of Rogers Corporation stock. The shares were sold at an average price of $121.52, for a total value of $545,017.20.
Shares of Rogers Corporation (NYSE:ROG) opened at 136.50 on Thursday. Rogers Corporation has a 12 month low of $51.98 and a 12 month high of $137.36. The stock has a 50 day moving average price of $122.89 and a 200 day moving average price of $108.64. The firm has a market capitalization of $2.48 billion, a P/E ratio of 32.92 and a beta of 1.16.
Rogers Corporation (NYSE:ROG) last issued its earnings results on Monday, July 31st. The electronics maker reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.13. The company had revenue of $201.40 million for the quarter, compared to analysts’ expectations of $195.60 million. Rogers Corporation had a net margin of 10.21% and a return on equity of 13.28%. Rogers Corporation’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. On average, analysts expect that Rogers Corporation will post $5.55 earnings per share for the current year.
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ROG has been the topic of several research analyst reports. B. Riley reaffirmed a “buy” rating and issued a $147.00 price target on shares of Rogers Corporation in a research report on Sunday, August 20th. Zacks Investment Research raised Rogers Corporation from a “hold” rating to a “buy” rating and set a $130.00 price target on the stock in a research report on Friday, August 18th. BidaskClub raised Rogers Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Needham & Company LLC reaffirmed a “buy” rating and issued a $135.00 price target (up from $115.00) on shares of Rogers Corporation in a research report on Wednesday, August 2nd. Finally, Sidoti reaffirmed a “buy” rating and issued a $125.00 price target (up from $120.00) on shares of Rogers Corporation in a research report on Monday, June 19th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $134.25.
Hedge funds have recently modified their holdings of the company. Teachers Advisors LLC raised its holdings in shares of Rogers Corporation by 322.9% in the 1st quarter. Teachers Advisors LLC now owns 153,175 shares of the electronics maker’s stock valued at $13,153,000 after purchasing an additional 116,956 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Rogers Corporation by 431.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 19,642 shares of the electronics maker’s stock valued at $2,134,000 after purchasing an additional 15,947 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Rogers Corporation in the 2nd quarter valued at about $1,521,000. Timpani Capital Management LLC bought a new stake in shares of Rogers Corporation in the 2nd quarter valued at about $1,234,000. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Rogers Corporation by 2.5% in the 2nd quarter. Great West Life Assurance Co. Can now owns 26,444 shares of the electronics maker’s stock valued at $2,869,000 after purchasing an additional 639 shares during the period. 92.89% of the stock is currently owned by institutional investors.
About Rogers Corporation
Rogers Corporation manufactures and sells engineered materials and components for mission critical applications. The Company’s segments are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES) and Other. The ACS segment manufactures and sells circuit materials and solutions for applications in wireless communications infrastructure, automotive, connected devices, consumer electronics and aerospace/defense.
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